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$585,368

NAL Estimated Property Value

2866 Gail Dr, Farmersville, TX, 75442

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,830 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$193.64 / sqft
Year BuiltBuilt in 2021

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
AppliancesDishwasher, Electric Cooktop, Electric Oven, Gas Cooktop, Microwave
FlooringTile

Exterior

Lot Size1.23 acres

Building Information

Year Built2021
Stories1
Garage Spaces3

Land Information

APNR-12274-000-0510-1
Lot Number51
SubdivisionColina Creek Estates Phase 4
Land UseResidential
Legal DescriptionCOLINA CREEK ESTATES PHASE 4, LOT 51
Census Tract031102
Assessed Land Value$165,000
Assessed Improvement Value$420,368
Assessment Year2025

About this property

Experience the freedom of true country living without sacrificing modern luxury in this stunning 2021 custom home situated on over an acre with no HOA and outside city limits. Opportunities like this are becoming harder to find — especially at this price point. From the moment you arrive, the beautiful curb appeal and expansive setting create a sense of peace and privacy that instantly feels like home. Inside, the thoughtfully designed open-concept layout offers the perfect blend of comfort and functionality with 4 spacious bedrooms, 2.5 baths, a dedicated media room, and a versatile office or flex space designed to fit your lifestyle. The heart of the home was made for gathering — whether it’s hosting family and friends, movie nights in the media room, or quiet evenings enjoying the warmth and openness of the main living spaces. The private primary suite feels like a true retreat, featuring a spa-inspired bathroom where you can unwind after a long day. Step outside and picture yourself starting mornings with coffee on the covered patio while watching the sunrise over your acreage, then ending the day with breathtaking Texas sunsets and wide-open skies. With room to add a pool, shop, outdoor kitchen, or create the backyard oasis you’ve always wanted, this property gives you the freedom to truly make it your own. Homes with this combination of land, condition, location, and flexibility do not last long.

Investor Tools

Property Icon
$585,368
Estimated Property Value
$378,459Estimated Mortgage Balance
$154,737Estimated Equity
35% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,512 /month
Positive
Cash Flow Estimate:
$1,171 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$797/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,641
$585,368
2025
$165,000
$420,368
$585,368
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,641
$585,368

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First State Bank
Conventional
$416,815
No
First
Sep 15, 2021
Oct 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$378,459
$206,909
35%
65%
$2,500/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,572/mo
$2,500/mo
+$72/mo
5.3%

Learn About the Market: Opportunity in Texas

Local Market Pages
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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Farmersville

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2866 Gail Dr | Property Details | No Agent List